topic Re: Thanks all! NFCU $10,000 CL! in Credit Card Approvals

Thanks all! NFCU $10,000 CL!

martinkk — Sun, 04 Nov 2012 01:25:04 GMT

Thanks guys. Without this board, I never would have even known they existed. Worked out well for me. Thank you for your insight.

Re: Thanks all! NFCU $10,000 CL!

martinkk — Sun, 04 Nov 2012 01:26:12 GMT

Visa Signature cashRewards card.

Re: Thanks all! NFCU $10,000 CL!

Anonymous — Sun, 04 Nov 2012 01:26:43 GMT

Nice, congrats!

Re: Thanks all! NFCU $10,000 CL!

distantarray — Sun, 04 Nov 2012 01:27:42 GMT

what kinda credit limits do you have besides this?

Re: Thanks all! NFCU $10,000 CL!

martinkk — Sun, 04 Nov 2012 01:38:05 GMT

I have a CapOne Venture Rewards (3500)

Sam's (600)

A small Capone (500). I think it used to be Orchard Bank maybe)

A brand new Best Buy (2500)

I also have an Arvest Corporate Card (5000) but it never reports on my credit report.

Re: Thanks all! NFCU $10,000 CL!

distantarray — Sun, 04 Nov 2012 01:41:19 GMT

@martinkk wrote:
I have a CapOne Venture Rewards (3500)
Sam's (600)
A small Capone (500). I think it used to be Orchard Bank maybe)
A brand new Best Buy (2500)

I also have an Arvest Corporate Card (5000) but it never reports on my credit report.

lol damn did you PC your Cap One? That's a big jump from your credit other credit cards. Also I would drop Capital One Venture card since you got Navy =x Flagship Rewards is cheaper annual fee and samething with better customer service. Flagship = 1 point per purchase but Flagship's points are worth 2x. Or better yet use the Flagship as a reason to stop doing business with Capital one and try to recon them into raising your credit limits on it to match or exceed Navy

Re: Thanks all! NFCU $10,000 CL!

Epcot — Sun, 04 Nov 2012 01:44:44 GMT

Very nice, Congrats!

Re: Thanks all! NFCU $10,000 CL!

martinkk — Sun, 04 Nov 2012 01:51:59 GMT

that is kind of what I was trying to do. I,ve had the CapOne since 08 after BK in 12/06. Started secured by 1000 for 1500 CL. About two years ago,they offered the PC and returned my deposit. I've asked for a CLI twice since with no luck. I use it excessively and often pay more than once a month so I can keep using and that one card totally controlled my credit score. I explained this to NFCU. For a long time, (until now, actually) I made the mistake of paying in full before statement date so always reported zero, but CapOne knew I used it a lot.

Re: Thanks all! NFCU $10,000 CL!

webhopper — Sun, 04 Nov 2012 02:07:52 GMT

Congrats!!! Agree with others that this will be a perfect opportunity to move your cap 1 business over to NFCU flagship card!

Re: Thanks all! NFCU $10,000 CL!

iCoop — Sun, 04 Nov 2012 02:19:59 GMT

Congrats OP!

I also just started with NFCU and opened a checking, savings, ira, credit card, and overdraft line of credit. I applied for and was approved for a refinance on my auto loan but they offered an interest rate of 4.99% and I currently receive 1.49% from PenFed so I withdrew my app.

The NFCU credit card I applied for was the Platinum VISA and it was approved with a $14,000 credit limit and 12.99% interest rate. The other cards that I have are:

Chase Amazon VISA ($2K limit)

Barclaycard Ring ($2K limit)

Discover IT ($1,200 limit)

Delta CU Visa ($500 limit)

Macys Store Card ($350 limit)

Kay Jewelers ($6000 limit)

As for the overdraft line of credit I requested $1000 and received that amount.

So you can see I was HIGHLY surprised when they approved the credit card for that much. Although I would have rather had a reduced APR instead of the increased CL. The Platinum NFCU card can have an APR as low as 7.99%. Thank goodness I only carry balances from time to time.

Re: Thanks all! NFCU $10,000 CL!

distantarray — Sun, 04 Nov 2012 02:26:51 GMT

@iCoop wrote:

So you can see I was HIGHLY surprised when they approved the credit card for that much. Although I would have rather had a reduced APR instead of the increased CL. The Platinum NFCU card can have an APR as low as 7.99%. Thank goodness I only carry balances from time to time.

actually you can get much lower, I'm at 5% with Platinum, with the GoRewards (1.7% rewards card I was at 7.24% with $17,000 credit limit. The 7.99% is PRIME rate, there's a rate called PRIME PLUS

Re: Thanks all! NFCU $10,000 CL!

Anonymous — Sun, 04 Nov 2012 02:27:45 GMT

Congrats

Re: Thanks all! NFCU $10,000 CL!

iCoop — Sun, 04 Nov 2012 02:34:24 GMT

@distantarray wrote:
@iCoop wrote:

So you can see I was HIGHLY surprised when they approved the credit card for that much. Although I would have rather had a reduced APR instead of the increased CL. The Platinum NFCU card can have an APR as low as 7.99%. Thank goodness I only carry balances from time to time.
actually you can get much lower, I'm at 5% with Platinum, with the GoRewards (1.7% rewards card I was at 7.24% with $17,000 credit limit. The 7.99% is PRIME rate, there's a rate called PRIME PLUS

Well I am definitely about to build my history with them for years to come as they have all of my accounts now, so perhaps in a year I will ask for a lowered APR and CLI. But mainly just the APR reduction. How did you go about getting the Prime Plus rate if I may ask? And should I call in now to see if they will reduce my APR further? I don't want to push it as I know my credit scores are in the 685 range as I have a brand new mortgage, auto loan, and numerous HPs on my reports.

Re: Thanks all! NFCU $10,000 CL!

Shogun — Sun, 04 Nov 2012 03:06:17 GMT

I've so got to get in with NFCU!

Re: Thanks all! NFCU $10,000 CL!

distantarray — Sun, 04 Nov 2012 03:09:59 GMT

@Shogun wrote:
I've so got to get in with NFCU!

DUUUUUUUUUUU IT (used DU cause it means **bleep** in Vietnamese so DUUUUUUUUUUU IT! )

btw how did you get 3000+ posts and not want to get Navy Federal sooner? lol

Re: Thanks all! NFCU $10,000 CL!

distantarray — Sun, 04 Nov 2012 03:11:52 GMT

@iCoop wrote:
@distantarray wrote:
@iCoop wrote:

So you can see I was HIGHLY surprised when they approved the credit card for that much. Although I would have rather had a reduced APR instead of the increased CL. The Platinum NFCU card can have an APR as low as 7.99%. Thank goodness I only carry balances from time to time.
actually you can get much lower, I'm at 5% with Platinum, with the GoRewards (1.7% rewards card I was at 7.24% with $17,000 credit limit. The 7.99% is PRIME rate, there's a rate called PRIME PLUS
Well I am definitely about to build my history with them for years to come as they have all of my accounts now, so perhaps in a year I will ask for a lowered APR and CLI. But mainly just the APR reduction. How did you go about getting the Prime Plus rate if I may ask? And should I call in now to see if they will reduce my APR further? I don't want to push it as I know my credit scores are in the 685 range as I have a brand new mortgage, auto loan, and numerous HPs on my reports.

Just applied online with a last known 754 EQ score, my utility was at 2% though and with Bobwang's (a credit guru) calculations a 2% utilitzation is the sweet spot for Fico's.

Re: Thanks all! NFCU $10,000 CL!

Shogun — Sun, 04 Nov 2012 03:13:21 GMT

Oh I've wanted to for a long time, and have been trying like hell to find a way in! My sister and her husband can join through his sister, if I can freaking get them to do it!!! Then I can get in. It's not for the lack of want, it's the finding a way in!

Re: Thanks all! NFCU $10,000 CL!

distantarray — Sun, 04 Nov 2012 03:15:08 GMT

@Shogun wrote:
Oh I've wanted to for a long time, and have been trying like hell to find a way in! My sister and her husband can join through his sister, if I can freaking get them to do it!!! Then I can get in. It's not for the lack of want, it's the finding a way in!

you can always get in with a roommate, change your address to a Navy Federal member and put a utility bill under your name for a short time. of course this is frowned upon =x but roommates can get in if you contribute to the household, and no this is not how I got in, I was born on a military base =)

Re: Thanks all! NFCU $10,000 CL!

Duncanrr — Sun, 04 Nov 2012 04:25:34 GMT

@Shogun wrote:
Oh I've wanted to for a long time, and have been trying like hell to find a way in! My sister and her husband can join through his sister, if I can freaking get them to do it!!! Then I can get in. It's not for the lack of want, it's the finding a way in!

I had to do the same thing with roommate. I had to lay out all of the benefits and explain it to him before he would agree. The fact that I can extend that to my family and he to his was one of the selling points. Also stress that its a simple thing to join and once in you are good.

Re: Thanks all! NFCU $10,000 CL!

iCoop — Sun, 04 Nov 2012 04:41:22 GMT

Anyone who has been a member for a while know if they do APR reductions?